Sierra Leone: Meat Market 2020

Meat Market Size in Sierra Leone

The revenue of the meat market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Sierra Leone meat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Meat Production in Sierra Leone

In value terms, meat production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when production volume increased by X% against the previous year. Sierra Leone meat production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Average yield of meat in Sierra Leone stood at X kg per head in 2018, standing approx. at the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, approx. X head of animals slaughtered for meat production in Sierra Leone; leveling off at the previous year. In general, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Sierra Leone

In 2018, approx. X tons of meat were exported from Sierra Leone; dropping by -X% against the previous year. In general, meat exports continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, meat exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, meat exports totaled $X in 2018. Overall, meat exports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, meat exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tons), Germany (X tons), Spain (X tons), Brazil (X tons), Australia (X tons), the Netherlands (X tons), Denmark (X tons), India (X tons), Canada (X tons), Poland (X tons), Belgium (X tons) and New Zealand (X tons) represented roughly X% of total exports of meat in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest meat markets from Sierra Leone were the U.S. ($X), Australia ($X) and Brazil ($X), together comprising X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Sierra Leone lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Sierra Leone stood at $X per ton in 2018, growing by X% against the previous year. Overall, the meat export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, the export prices for meat reached their maximum in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Meat Imports

Imports into Sierra Leone

In 2018, the amount of meat imported into Sierra Leone stood at X tons, shrinking by -X% against the previous year. In general, meat imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, meat imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, meat imports stood at $X in 2018. In general, meat imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Sierra Leone imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of meat, namely China, Japan, the U.S., Italy, Germany, Mexico, South Korea, China, Hong Kong SAR, Vietnam, the UK, Poland and the Netherlands, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and China ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Sierra Leone, which together accounted for a further X Nam experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the meat import price in Sierra Leone amounted to $X per ton, falling by -X% against the previous year. In general, the meat import price continues to indicate a deep drop. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. In that year, the import prices for meat attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for meat remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform